Ola Electric Mobility Trust Deed Modified Due to Trustee Change
Ola Electric Mobility Limited modified its OEM Employees’ Welfare Trust Deed due to a change in trustees. Mr. Nirajkumar Popatlal Jain has been appointed as the new trustee, replacing Mr. Amit Anchal. The modification is administrative and does not impact employee benefits.
The change in trustees is purely administrative and does not affect the trust's objectives or employee benefits, making the impact on the company's operations or stock negligible.
The announcement details an administrative change in the composition of trustees for an employee welfare trust. This change does not have a direct financial impact or alter the existing benefits for employees, thus it is considered neutral.
Ola Electric Mobility Limited has announced a modification to the Trust Deed of the OEM Employees’ Welfare Trust. This change is consequent to an alteration in the composition of the Trustees.
The modification involves the appointment of Mr. Nirajkumar Popatlal Jain as the Incoming Trustee and the removal of Mr. Amit Anchal as the Outgoing Trustee. This change is administrative in nature and does not affect the objectives of the Trust or the rights and benefits of the employees under the administered employee benefit scheme.
The Deed of Appointment cum Removal of Trustees was executed on August 7, 2026, in Bengaluru. The company has enclosed a copy of the executed deed for regulatory compliance. This information will also be available on Ola Electric's website.
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Ola Electric Mobility Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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